Fibocom Wireless (SZSE:300638) Receivables Turnover : 1.00 (As of Mar. 2024)

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What is Fibocom Wireless Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Fibocom Wireless's Revenue for the three months ended in Mar. 2024 was ¥2,123 Mil. Fibocom Wireless's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,128 Mil. Hence, Fibocom Wireless's Receivables Turnover for the three months ended in Mar. 2024 was 1.00.

Fibocom Wireless Receivables Turnover Historical Data

The historical data trend for Fibocom Wireless's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fibocom Wireless Receivables Turnover Chart

Fibocom Wireless Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.33

4.58

4.64

3.41

3.73

Fibocom Wireless Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.86	0.95	0.91	0.86	1.00

Competitive Comparison of Fibocom Wireless's Receivables Turnover

For the Communication Equipment subindustry, Fibocom Wireless's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fibocom Wireless's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fibocom Wireless's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fibocom Wireless's Receivables Turnover falls into.

Fibocom Wireless Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Fibocom Wireless's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7715.829	/ (	(2193.079	+	1939.318)	/	2 )
=	7715.829	/	2066.1985
=	3.73

Fibocom Wireless's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2122.952	/ (	(1939.318	+	2316.365)	/	2 )
=	2122.952	/	2127.8415
=	1.00

Fibocom Wireless (SZSE:300638) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Fibocom Wireless Receivables Turnover Related Terms

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Fibocom Wireless (SZSE:300638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fibocom Wireless Inc (SZSE:300638) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1057 Nanhai Avenue, No. 501A, 5th Floor, Building A, Phase II, Shekou Science and Technology Building, Nanshan District, Guangdong, Shenzhen, CHN, 518067

Website

http://www.fibocom.com.cn

Fibocom Wireless Inc is a Chinese wireless communication module and solutions provider. It is focused on the development of the Internet of Things (IoT) and consumer electronics. The company brand products cover LTE, NB-IoT/eMTC, HSPA, GSM/GPRS wireless communication modules and solutions. Through IoT, the company offers solutions such as wireless payment, car networking, security monitoring, mobile internet, and smart grid.

Executives

Ying Ling Peng	Directors, executives
Zhang Tian Yu	Director
Xu Ning	Directors, executives
Deng Zhong Zhong	Executives
Chen Shi Jiang	Directors, executives

Fibocom Wireless (SZSE:300638) Headlines

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